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Property Sales - 41704500 - House in USA, Ohio, Cuyahoga County, City of Cleveland

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Four bedroom house

Property Information

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Property ID:
Location :
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House
41704500
City of Cleveland, USA
16 Jun 2024
£ 67,853 / € 77,513 / $ 79,900

Short Description

This four bedroom house is a rare find at $79,900..

Key Information

  • Property ID: 41704500
  • Location: City of Cleveland
  • Property Type: House
  • Prices: £ 67,853 / € 77,513 / $ 79,900

Full Description

This lovely four bedroom single family home is located in Union – Miles Park which is a great
neighbourhood in Cleveland, this area is close to Mount Pleasant and Slavic Village. It is also
just a few minutes to John Adams College And Career Academy, which is one of the best
schools in Cleveland.
There are four bedrooms, one bathroom, a full basement and a large garden. The property will
be renovated by Global Investments best contractors and will be supplied rent ready to a
Section 8 standard. When complete the management company will place brand new vetted
tenants. The house should achieve $1,400 – $1,500 in rent each month. The house also comes
with a 1 Month rental guarantee to give the new owner an immediate income when the works
begin.
Union – Miles Park is viewed as a very central location in Cleveland Ohio, it is just 6 miles from
Downtown and 5 miles from University Circle. University Circle has the highest concentration
of cultural attractions and performing arts venues in the whole of the US. The house is also just
1 mile to John. Adams College and Career Academy.

Investment Calculations
Purchase price
$79,900
Gross annual rental income:
$18,000
Property running costs:(Tax, insurance and management costs)
$3,450
Net annual rental income:
$14,550
Investment calculation - Net Income divided by Purchase price = NET ROI.

Return of investment

19%

Break even in

5.26 Years

Contact the Advertiser

Property Alerts

  • House
  • 4 bedrooms
  • USA
  • City of Cleveland
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